Remuneration of employees who are immediate family members of a director or
the chief executive officer
For the financial year ended 30 June 2015, saved as disclosed in the following table which
shows the breakdown of the remuneration (in percentage terms) of the Group Advisor who
is the father of the executive directors, Mr Ang Kok Tian, Mr Ang Ah Nui, Mr Ang Kok Eng
and Mr Ang Kok Leong, the Company and its subsidiary companies do not have any other
employee who is an immediate family member of a director or the chief executive officer
and whose remuneration exceeds $50,000. “Immediate family members” means the spouse,
child, adopted child, step-child, brother, sister and parent.
Salary
1
%
Bonus
%
Other
benefits
2
%
Total
%
Name of employee
S$350,000 to S$400,000
Ang Sin Liu (Group Advisor)
82
16
2
100
1
Inclusive of Employer’s Central Provident Fund Contributions
2
Other benefits refer to car benefits
ACCOUNTABILITY AND AUDIT
Accountability
Principle 10: The Board should present a balanced and understandable assessment of
the company’s performance, position and prospects.
The Board endeavors to provide shareholders with a balanced and understandable assessment
of the Group’s performance, position and prospects on a regular basis. In presenting the
quarterly financial statements announcements and annual report to shareholders, the Board
aims to provide shareholders with detailed analysis, explanation and assessment of the
financial performance, position and prospects of the Group. The analysis is further supported
by a powerpoint presentation on the Group’s half yearly results and briefings of the same by
the management. The powerpoint presentations, announcements, policies and all financial
information published can be found in what we believe is a simple but shareholder friendly
website.
In line with the requirements of SGX-ST, negative assurance confirmations on interim financial
results were issued by the Board confirming that to the best of its knowledge, nothing had
come to the attention of the Board which may render the Company’s quarterly results to be
false or misleading in any material aspect.
CORPORATE GOVERNANCE
REPORT
ASL Marine Holdings Ltd. /Annual Report 2015
39
